Property

Belle Corp., the leisure and gaming arm of the Sy Group, posted a consolidated net income of P524 million for the first quarter of 2026, up 13 percent from P462 million a year earlier, driven by steady gains across its gaming and property businesses.

Megaworld Corp., the listed property development arm of tycoon Andrew Tan, is expanding its footprint in northern Luzon with plans for a flagship beach club inside its 84-hectare, P15-billion Ilocandia Coastown, signaling a shift from simply selling seaside homes to curating an entire coastal lifestyle.

Ayala Land Inc. is steadily reshaping its growth mix, with 2026 emerging as a key milestone in its push to expand leasing and strengthen recurring income.

MREIT Inc., the real estate investment trust arm of Megaworld Corp., posted its strongest quarterly performance to date in the first quarter, as a recently completed acquisition and improved operating efficiency combined to drive broad based growth in earnings, revenues, and margins.

State-run Bases Conversion and Development Authority (BCDA) has partnered with South Korea’s Korea Water Resources Corp. to explore building a “smart village” in New Clark City, marking a fresh push to develop climate-resilient, technology-driven communities in the Philippines.